Bitcoin Forum
June 21, 2024, 08:52:12 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: why pay fees when mining??  (Read 2600 times)
dirtycat
Sr. Member
****
Offline Offline

Activity: 456
Merit: 250



View Profile
October 05, 2012, 03:16:25 AM
 #21

stop paying fees! use p2pool!

poop!
Graet
VIP
Legendary
*
Offline Offline

Activity: 980
Merit: 1001



View Profile WWW
October 05, 2012, 03:39:44 AM
 #22

What is meant by orphans? 

It means that the block has no children blocks. (seriously, in bitcoin terminology, orphan == childless.. brilliant, isn't? Smiley)

Lol, indeed, ought be barren blocks.
I think the correct term is "invalid block"
also calling "transaction verification services" "mining" isn't terribly accurate

these are not Bitcoin terms so much as term that have been used by people in Bitcoin and adopted by others until it has become the common though confusing names we have today Smiley

For some time the generic name in my country for a 4 wheel drive vehicle was "Jeep" even though there are many 4wd vehicle manufacturers, no manufacturer apart from Jeep were happy with this - but it is still what we said - similar applies here Smiley

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
Gabi
Legendary
*
Offline Offline

Activity: 1148
Merit: 1008


If you want to walk on water, get out of the boat


View Profile
October 05, 2012, 04:11:27 PM
 #23

I'm sorry but pool fees are only a way for pool owners to profit from the pool. Why should a miner mine for them?  Cheesy

Keep in mind that, in the long run, "normal" people will not have the infrastructure necessary to run a full node. AFAIK, P2Pool requires you to run a full node. Centralized pools do not have such requirement.

Nothing stops a centralized pool to be part of P2Pool, though. That could be used as a way of saying "look, I follow P2Pool rules, so I can never cheat, not even if I happen to have >50%". But even in such context, the centralized pool would definitely need to make money somehow to pay for the infrastructure demanded by a full node, plus its profits.
Today running a node is not a problem. And doing it actually help the network. And i doubt in the long run it will be a problem, if running a node will require servers and infrastructures then bitcoin will become super-centralized

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!